Underwriter – Position Available In Palm Beach, Florida

Job Description:

Dynamic company looking for Underwriters with originationexperience. ALL of the following for a minimum of 36 months, within the past 5years

• Review Income Documentation and Calculate to ensure ratios areacceptable per guideline requirements.
• Program identification and ensuring that the correspondingguidelines are adhered to.
• Validation of all supporting documentation submitted tounderwriting including credit, title, appraisal, income, assets,and insurance
• Experience reviewing complex financial documents includingcomputing income utilizing tax returns (tax analysis of Schedule C,S-Corp, Partnership, etc.)
• Perform in-depth analysis of credit report to ensure allliabilities are accounted for and appear on the 1003 per guidelinerequirements and to
• Perform in-depth analysis of credit report to ensure any nameand/or address variations are captured and Letters of Explanationare conditioned for as needed per guideline requirements
• Perform in-depth analysis of assets to ensure all necessarydocumentation is received and recorded per guidelinerequirements
• Complete in-depth review of Appraisal; conditioning for anyneeded items per guideline requirements
• Perform in-depth research to document critical creditdocumentation is accurate (income, employment, occupancy, credit,assets, valuation, contract, HUD-1, interested partyinvolvement)
• Review of the title for accuracy and red flags
• Calculation of DTI, income, assets, and

LTV/CLTV

• Complete Excel Generated 1008 with Income/Asset/Debtinformation
• Re-Run loan through AUS and review to capture any new conditions,requirements or approval changes based on updated findings.

Authority to approve AUS conditions.

• Validating the AUS (Clues, Clout, LP, DU) decision including thereview of AUS to identify errors or additional conditions that maybe required
• Review ?refer? loans/conditions for recommendations
• Review for possible misrepresentation, omissions, inaccuraciesand red flags
• Review and decision loans based on guidelines without thepresence of an AUS approval to assess an individual’screditworthiness
• Final Approve, Suspend or Approve Loan with Conditions based onfile review and updated AUS findings using auto generated and freeform conditions as needed
• Sign off authority for conditions related to calculation ofincome, assets, collateral, and credit
• Complete 3 initial underwrites per day, making any applicablechanges, notes, and inputs in client’s Loan Operating System(LOS)
• Clear conditions in Client’s LOS as they are received fromclient
• Handle incoming calls and contact with Correspondents and othercontacts in a polite and professional demeanor The Successful Qualities (you really need)
• Current Credit Guideline Knowledge
• Current or Recent Underwriting experience (within past 3years)
• Proficient in automated underwriting tools
• Detail Oriented
• Basic Computer Knowledge required in Excel, Word and Outlook
• Experience with Government Loans (FHA, VA, etc.)
• Able to work well within designated time frames for completion ofwork
• Must be flexible and able to work in a fast paced environment We are an equal employment opportunity employer and will considerall qualified candidates without regard to disability or protectedveteran status.